GACE Business (715) Practice Questions - GACE Business (6-12) (715) Assessment Exam

Access More Questions

An entrepreneur considering buying a franchise rather than starting an independent business should recognize which trade-off?

A franchise offers brand recognition and support but requires ongoing royalty payments and reduced autonomy A franchise eliminates all startup costs and guarantees a profit A franchise gives the owner complete freedom to change the product and brand A franchise requires no initial investment and charges no fees

Correct Answer:

A franchise offers brand recognition and support but requires ongoing royalty payments and reduced autonomy

Access more questions from this quiz

Continue to GACE Business (715) Practice Questions - GACE Business (6-12) (715) Assessment Exam for more practice questions and the full quiz experience.

Access More Questions